Taxability - sale of share in a private limited co
Querist : Anonymous
I have a private limited co with three other directors. Now I want to quit from this business, I want to know how can i transfer the shares - option1 - Buy back by the co and share reduction, option2 - Selling my shares to other director. I want to know the price at which i can sell and the taxability in both the option in the hands of buyer and the seller.
Thanks
Querist : Anonymous
I want to understand what if company buy backs the share will it have to reduce the share capital and taxability in the hands of co and me
2nd option
if i sell to other share holders, then taxability to me and other share holder
Further, selling to other shareholders is easier than buyback option.
So my advice would be to sell to other shareholders at FMV only.
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